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Bring your lunch and save your dollars

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Bring your lunch and save your dollars

Frank over Hello, Dollar! tried to use an example on saving – bring your lunch to work and save money to show some basic saving principle. It may not be much if you are just saving those money alone and keep it in your piggy bank, but if you save it into bank or invest into stock and have the money running at compound interest, then the sum of money will be significant after 40 years of saving:

… Say I put that $1,000 a year into savings and CDs that paid an average of 5% interest. That $40,000 has now turned into $120,799! Wow! Not bad for packing a sandwich four times a week. But we can still take this one level further.

Let’s try putting that $1,000 into the stock market instead. Historically, the stock market has provided an average return of about 11%. You’ll want to make sure money in the stock market is invested for the long haul, since it does go up and down, and you don’t know when a down time might happen. But I have 40 years here, so I’m going to put my money in stocks and leave it there.

What is that average return of 11% going to do to my $1,000 a year? My $20 a week? My measly little $5 a day, four days a week? Well, I now have a grand total of $581,826. Well over a half million dollars! And hopefully all the fiber I’ve eaten from those whole wheat sandwiches will keep me healthy enough to enjoy it!…

Brown-Bag It to Half a Million – [Hello, Dollar!]

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Leon Ho

Founder of Lifehack

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Last Updated on July 12, 2021

Lifehack Reviews: 50 Best Life Hacks for Your Life

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Lifehack Reviews: 50 Best Life Hacks for Your Life

Do you want to be as productive as many of us, but missed a lot of actions at lifehack.org during the year? We’ve selected the best 50 life hacks, based on their popularity and contents in different categories. Invest your time – read them. Bookmark this page and mark reading them as one of your new year resolutions.

Communication, Writing, Studying

  1. My Best Presentation Tricks
  2. The Business Card Game
  3. Persuasive Writing for Students, Webmasters, Bloggers, and Everyone Else
  4. 7 tips of handling your Emails without feeling overwhelmed
  5. Writing as a Form of Self Healing
  6. Advice for students: Writing by hand
  7. Yes, But Do People Like You?
  8. Writing – Just do it!
  9. A good place to study
  10. Blog your way through Writer’s Block
  11. 14 Tips for Communicating Ideas

Productivity, Creativity, Motivation

  1. 9 Top Secrets of Naturally Born Organizers
  2. Fight The Flab!
  3. More Fight The Flab!
  4. Limit Creativity, Get Innovation
  5. Precious Moments
  6. 5 Ways to Improve Your Productivity in the Office
  7. A Geek’s Best Lifehack
  8. What Kind of Paranoid Are You?
  9. Being A Creative
  10. There’s No Time!
  11. The Mysteries Behind Motivation and How To Manipulate Them
  12. Time Management: Handling Disruptions in Daily Schedules
  13. Productivity Hack: Write Mini Process Flows
  14. Design an Online Workflow

Management, Self-Management, Entrepreneurship

  1. Bare Bones Project Hacks
  2. The 10 Beliefs of Great Managers
  3. The Simplest Path to Success
  4. Letting Things Go
  5. Closet Entrepreneur
  6. Time To Discard The Portmanteau
  7. 5 Important Keys to Bootstrap Your Entrepreneurship
  8. The Most Underutilized Tool for Effective Communication
  9. Everyday Performance Reviews
  10. Meetings, @&!!$*@ Meetings!
  11. What Are You Worried About?
  12. How to Ruin Your Career In Five Easy Steps

Procrastination, Goal Settings, Life

  1. 9 Steps to Define your Goal Destination and Devise a Plan to Get There
  2. Pro-Active Steps to Prevent Procrastination
  3. Improve Your Life By Following A Schedule
  4. The Causes of Procrastination And How To Conquer Them
  5. How To Make Resolutions You’ll Keep
  6. Literal Life Hack: Cut your window of time in half
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Are there any lifehacks that you’ve learned over the past year?

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Featured photo credit: Rainier Ridao via unsplash.com

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